Dream Finders Homes (NYSE:DFH) Hits New 1-Year Low – What’s Next?

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.70 and last traded at $11.74, with a volume of 1056169 shares trading hands. The stock had previously closed at $12.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Price Performance

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 8.20 and a beta of 1.91. The stock’s 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $14.80.

Dream Finders Homes (NYSE:DFH) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.27 EPS for the quarter. The company had revenue of $1.06 billion during the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%.

Insider Activity at Dream Finders Homes

In related news, Director Richard Beckwitt purchased 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $13.95 per share, with a total value of $976,500.00. Following the purchase, the director directly owned 70,000 shares in the company, valued at $976,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders purchased 103,000 shares of company stock worth $1,427,755. 65.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dream Finders Homes

Several large investors have recently made changes to their positions in DFH. Hantz Financial Services Inc. lifted its holdings in Dream Finders Homes by 154.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock valued at $29,000 after purchasing an additional 1,015 shares during the last quarter. State of Wyoming bought a new stake in Dream Finders Homes during the 1st quarter worth approximately $54,000. Versant Capital Management Inc raised its position in Dream Finders Homes by 59.4% in the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock valued at $89,000 after purchasing an additional 1,913 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Dream Finders Homes by 1,878.0% during the first quarter. Fifth Third Bancorp now owns 9,534 shares of the company’s stock worth $133,000 after purchasing an additional 9,052 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Dream Finders Homes by 37.5% during the 2nd quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock worth $173,000 after acquiring an additional 2,728 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, builds and sells single-family homes. The company offers both build-to-order and speculative homes, serving a range of buyers through communities developed in suburban and metropolitan markets.

In addition to home construction, Dream Finders Homes provides related services through affiliated businesses, including mortgage lending and title services. Its homebuilding operations are concentrated in several U.S. markets, primarily across the Southeast, Mid-Atlantic, Texas and Colorado, with offerings that vary by local market and community.

The company was founded in 2008 and is headquartered in Jacksonville, Florida.